Brent crude oil hovers around US$80 per barrel to represent 38.4% gain year-on-year. This is good for the State Budget 2018, but will likely contribute to bigger oil and gas trade deficit. Upstream oil and gas companies, including Pertamina, should benefit from the relatively strong price, but petrochemical company like Chandra Asri (TPIA) will see pressures on margin because naphtha price increased 33.3%.To subscribe please click here
